Part 34 (1/2)

--With specie

--But you did not ht it

--With what?

--With our products which went to Peru

--Then it is in reality your labor that you exchange for cloth, and French labor that is exchanged for coffee?

--Certainly

--Then it is not absolutely necessary toelse_, and gives it in exchange

--In other words, France has tays of procuring a given quantity of cloth The first is toelse_, and exchange _that so else_ abroad for cloth Of these tays, which is the best?

--I do not know

--Is it not that which, _for a fixed areatest quantity of cloth_?

--It seems so

--Which is best for a nation, to have the choice of these tays, or to have the law forbid its using one of the the best?

--It seems to me that it would be best for the nation to have the choice, since in these ood selection

--The lahich prohibits the introduction of foreign cloth, decides, then, that if France wants cloth, it must make it at ho else_ hich it could purchase foreign cloth?

--That is true

--And as it is obliged toelse_, just because the other thing would require less labor (without which France would have no occasion to do anything with it), the law virtually decrees, that for a certain amount of labor, France shall have but one yard of cloth,it itself, when, for the sa _so?

--Noelse_ only so long as there is _so else_ to make

--That is possible; but I cannot rid nerselse, in which case we shall be prettily caught Under all circumstances, this is the objection, even from your own point of view You ad else_, which is to be exchanged for cloth, with less labor than if it had made the cloth itself?

--Doubtless

--Then a certain quantity of its labor will become inert?

--Yes; but people will be no worse clothed--a little circu Robinson lost sight of it, and our protectionists do not see it, or pretend not to The stranded plank thus paralyzed for fifteen days Robinson's labor, so far as it was applied to the uish, then, between these two kinds of di in _privation_, and the other in _cos are very different, and if you assimilate them, you reason like Robinson In the most complicated, as in theof the utility of labor by its duration and intensity, and not by its results_, which leads to this economic policy, _a reduction of the results of labor, in order to increase its duration and intensity_